Spanish Mountain Gold Ltd V.SPA

Alternate Symbol(s): SPAZF

Metals & Mining Gold

Spanish Mountain Gold Ltd. is a Canada-based exploration-stage resource company. engaged The Company is engaged in the acquisition, exploration and development of mineral properties. The Company is focused on advancing its 100%-owned Spanish Mountain Gold Project in southern central British Columbia. The Spanish Mountain gold project is located about six kilometers from the village of Likely, in the Cariboo region of central British Columbia, approximately 70 kilometers north-east of the city of Williams Lake. The Company does not generate any revenue. The Company's wholly owned subsidiary is Wildrose Resources Ltd. (Wildrose).

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Spanish Mountain Gold Ltd

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Comment by DaMantison Dec 05, 2018 1:17pm

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Post# 29069724

RE:RE:RE:RE:RE:RE:RE:SPA hit some actual High Grade

It's probably considered a Class 4 report, but it is likely based on better than typical PEA/Class 4 estimations (such as solely M+I, no Inf), plus the more advanced metalurgical testing. So I'm assuming that even though technically it's a Class 4, it'a probably a more refined estimation.

This might be why there has been talk of skipping the PFS & going straight to FS, the confidence in the numbers is higher than we typically see in a PEA study. Just some thoughts & thinking out loud.

>DM

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